What You'll Do

  • Verify and examine information and accuracy of loan application and closing documents.
  • Interview loan applicants to obtain personal and financial data and to assist in completing applications.
  • Assemble and compile documents for loan closings, such as title abstracts, insurance forms, loan forms, and tax receipts.
  • Answer questions and advise customers regarding loans and transactions.
  • Contact customers by mail, telephone, or in person concerning acceptance or rejection of applications.
  • Record applications for loan and credit, loan information, and disbursements of funds, using computers.
  • Prepare and type loan applications, closing documents, legal documents, letters, forms, government notices, and checks, using computers.
  • Present loan and repayment schedules to customers.
  • Calculate, review, and correct errors on interest, principal, payment, and closing costs, using computers or calculators.
  • Check value of customer collateral to be held as loan security.

Essential Skills

Active Listening 4.12/5
Speaking 4.0/5
Reading Comprehension 3.88/5
Critical Thinking 3.75/5
Writing 3.62/5
Complex Problem Solving 3.5/5
Active Learning 3.38/5
Social Perceptiveness 3.38/5
Judgment and Decision Making 3.38/5
Time Management 3.25/5
Mathematics 3.12/5
Monitoring 3.0/5

Career Fit Overview

Use this summary to sense whether the day to day rhythm and focus of this path line up with what energizes you.

Top passions

  • Organizer: Bringing order to data and processes satisfies you.
  • Leader: Taking charge and moving ideas forward motivates you.
  • Helper: Supporting people and making a difference matters to you.

Common styles

Attention to Detail, Integrity, Dependability, Cooperation, Initiative

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Key Abilities

This career demands strong capabilities in the following areas:

Oral Comprehension 4.12/5
Written Comprehension 4.12/5
Oral Expression 4.0/5
Speech Recognition 4.0/5
Speech Clarity 4.0/5
Problem Sensitivity 3.75/5
Information Ordering 3.75/5
Near Vision 3.75/5

Technologies & Tools

Accounting software Automated financial software Automated underwriting software Credit reporting software Desktop publishing software Encompass software Fannie Mae Desktop Underwriter Lending software systems Loan tracking software Microsoft Access Microsoft Dynamics Microsoft Excel Microsoft Office software Microsoft Outlook Microsoft PowerPoint Microsoft Windows Microsoft Word Operating system software Rockport Integrated Excel Underwriting Software AG Underwriting Solution

Work Environment & Style

Common Styles for This Career

  • Attention to Detail (High importance: 4.63/5)
  • Integrity (High importance: 4.61/5)
  • Dependability (High importance: 4.42/5)
  • Cooperation (High importance: 4.22/5)
  • Initiative (High importance: 4.17/5)

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How to Become One

This career typically requires vocational school, related on-the-job experience, or an associate's degree. Some specialized training or certification may also be required.

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Also Known As

This career is known by many different job titles across industries. Here are all the variations:

Closer Closing Agent Closing Coordinator Commercial Loan Processor Consumer Loan Processor Credit Clerk Disbursement Clerk Document Coordinator Document Processor Financial Specialist Investigator Licensed Loan Officer Assistant Loan Analyst Loan Assistant Loan Clerk Loan Close and Funder Loan Closer Loan Documentation Specialist Loan Expeditor Loan Inspector Loan Interviewer Loan Operations Specialist Loan Originator Loan Processor Loan Representative Loan Secretary Mortgage Broker Mortgage Clerk Mortgage Closing Clerk Mortgage Loan Assistant Mortgage Loan Closer Mortgage Loan Interviewer Mortgage Loan Processing Clerk Mortgage Loan Processor Mortgage Processing Clerk Mortgage Processor Post Closer Post Closing Specialist